You can also view this chart as an image. Contrary to popular belief, the US is not the only nation with tax incentives to encourage private contributions.
To what extent do you agree or disagree? It is true that an enormous amount of money has been poured into impoverished nations to help them escape from poverty.
While this solution is sometimes effective, I personally believe that financial aid does not fully tackle the problem, and other types of aid need to be implemented.
Firstly, money given to destitute nations does not always reach people in need. In developing countries, lack of transparency and an ineffective management system has enabled prevalent corruption in government. It is therefore likely that monetary support from other countries would bring about benefits to only governmental officials instead of the poor.
Another problem with giving out money is that in most cases recipient countries do not have necessary resources such as manpower, technology, infrastructure or management system in place to make the best use of financial aid.
For instance, in my country, a large amount of money from foreign governments was spent on building health care centers in rural areas, but those centers were soon abandoned or operated at less than one tenth capacity due to lack of health care professionals, lack of electricity and clean water, etc.
Another illustration would be in agricultural field. We received monetary support from international funds to increase productivity of crops, but we had no experience in conducting researches before implementing a project, in project management and evaluation.
As a consequence, a large amount of money was wasted on ineffective programs proposed by incompetent leaders. Furthermore, it is undeniable that financial aid can sometimes do more harm than good, and worsen the situation in poor countries.
Some developed countries gave out monetary support to ruling oligarchy in Africa under the name of economic development, but for hindered political reasons as well.
They might want to gain international preference, to win support from their citizens before election, or to enhance their political influence in recipient countries, etc. In such cases how the money would be spent was not their concern.
Leaders in recipient countries therefore used the money to strengthen their position, by enriching themselves or purchasing weapons to suppress opponents. Had it not been for the financial aid, people in these poor countries might have been able to overthrown their incompetent, greedy authority.
Financial aid in this case became an obstacle for revolutions against dictatorship, social progress and poverty eradication.
In conclusion, monetary support alone could not eliminate poverty. Other types of help such as technological support, staff training, infrastructure development and management system improvement is required to handle the problem.The summit wil l focus o n increasing international aid to percent of donors’gross national product to ﬁnance a doubling of aid transfers How to Help Poor Countries Nancy Birdsall, Dani Rodrik, and Arvind Subramanian Nancy Birdsall is President of the Center for Global Development.
Introduction Foreign aid is usually associated with official development assistance, which in turn is a subset of the official development finance, and normally targeted to .
We would like to show you a description here but the site won’t allow us. Feb 25, · In addition, birth rate in poor countries increases, as it falls in the richest at the same time.
In conclusion, international Aid must have long-term benefit for poor countries. Otherwise, it is only the question of time when developed countries would not be able to maintain growing number of people in the third world. Essay topics: Discuss the advantages and disadvantages of giving international aid to poor countries.
Submitted by aatif imtiaz on Wed, 08/10/ - Poor countries of the world mostly depend on the international aid for their survival. It is human nature to preserve oneself in the first place. Still, we have some good traits that make us reach out to help those in need. We do this as individuals, as communities and even as nations.
The outcome of giving international aid to poor countries has both advantages and disadvantages. We will briefly consider the disadvantages and the advantages below.